Ryan, LLC, a global tax service and software provider, reported that the Bipartisan Budget Act of 2018 (passed on February 9, 2018) contained a number of tax extenders, including a one-year retroactive extension of the Energy Efficient Commercial Building Deduction.

The legislation also extends through 2017 a variety of other credits and incentives relating to energy production and conservation:

Credit for production of cellulosic biofuels

Existing $1.00 per gallon credit for biodiesel and biodiesel mixtures

Small agri-biodiesel producer credit of 10 cents per gallon

Production tax credit for certain renewable sources of electricity to facilities for which construction had commenced by the end of 2017

While not a credit or incentive, Ryan said, the law also extends the oil spill liability tax on certain petroleum products. An excise tax of $0.09 per barrel is imposed on crude oil received at a refinery and petroleum products entered into the U.S. This tax, which expired at the end of 2017, is reinstated effective March 1, 2018 (and expires again on December 31, 2018).